In my opinion the things that have spoilt Unity from a free bidding auction in the last 6 months or so include;
pybar jv deal on Henty;
Diversified's (related party) purchase of large stake in unity;
Unities payment of dividend ..... contrary to previous BOD stated aim of raising up to 70 mill to develop dargues;
change in board of directors;
sale of bendigo mine;
any new bid would need to deal with 50% JV on Henty and current directors on Unity board; whilst the bendigo assets have been sold. Would the westlime processing deal still be available to a new bidder?
I would love to see a thirparty blocking bid for Unity and then an asset split. But I just think things are now too complicated for a third party to want to enter????? time will tell.
I personally do not like what the board of directors have done on my behalf.
disclaimer; the above post is my opinion and is not to be used for advice in any way whatsoever. The above post has been posted on this forum as a means of communicating the thoughts of a small shareholder in the company to other small shareholders. The above post may be factually incorrect in a number of ways.
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